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FxWirePro- Ethereum Daily Outlook

Tue, 30 Jan 2024, 05:16 am UTC

ETHUSD showed a minor pullback after hitting a three-week low. It hit a high of $2307 yesterday and is currently trading around $2275.

Ethereum transaction volume hit a four-month high of 4.37 million, according to sentiment data.

The intraday bullishness can be seen if it breaks above $2300. On the higher side, the near-term resistance is $2300. Any break above targets $2375/$2450. Significant bullish continuation only above $2700.

The immediate support is around $2165. Any intraday break below will drag the pair to $2100.Any breach below $2100 confirms bearish continuation. A dip to $2000/$1900 is possible. A violation below $1870 will drag the Ethereum to $1500.

It is good to buy on dips around $2000 with SL around $1900 for TP of $2500.

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